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Holly Williams

EasyJet shares surge after reaching outline £5.5bn buyout proposal from US firm

easyJet Castlelake United States IG Stelios HajiIoannou

EasyJet is set to become the latest British company fall into foreign hands after reaching an agreement in principle to a proposed takeover worth up to £5.5 billion from US suitor Castlelake (PA) - (PA Wire)

EasyJet is set to become the latest British company fall into foreign hands after reaching an agreement in principle to a proposed takeover worth up to £5.5 billion from US suitor Castlelake.

The Luton-based carrier said on Sunday the £6.90-a-share approach, the fifth from the US investment firm, was “at a value that the board would be minded to recommend to easyJet shareholders” should a formal offer be tabled.

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